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Search Results 0 to 49 of about 83 (some duplicates have been removed)
PBS
Sep 28, 2012 4:30pm PDT
.," new york. >> i'm erika miller in new york. still ahead, i'll show you the hottest toys your kids may be asking for this holiday season. >> it's been four years since bank of america bought merrill lynch. today, b of a agreed to bay $2.4 billion to settle an investor lawsuit. shareholders claimed bank of america hit facts of the buyouts such as losses of merrill lynch and billions of dollars in bonuses. they settled to eliminate the uncertainty, burden, and expense of further litigation." this doesn't end legal problems for bank of america. it still faces lawsuit for mortgages of countrywide which they bought. >> they will say, this is a huge settlement by all standards and what about other settlements. are they going to be so anxious to get rid of them that they'll settle out for big numbers and you can only do some of the settlement. >> the settlement will be covered by money bank of america has set aside and there's an additional $1.9 billion in charges coming. leading the third quarter charges of will 3.5 billion, and that could mean the bank reports a loss for the quarter. al
PBS
Sep 14, 2012 7:00pm EDT
: thank you very much. >> reporter: i'm erika miller in new york. coming up, i'll take you back stage to meet nanette lepore, whose designs will soon be coming to a mass market retailer. >> susie: a big change for the dow today as stocks extended their fed rally. kraft foods is being dropped from the dow jones industrial average, we'll have more on the changes in a moment. the blue chip average closed at its highest level since december of 2007. the dow rose 53 points, the nasdaq added 28, and the s&p up nearly six. the major averages gained ground for the second week in a row. the dow in with the biggest weekly pop, up over 2%. back to that big change for the dow 30, kraft is out and united healthcare is in, reflecting the growing role of healthcare in the economy. it's the first change to the industrial average's roster in three years. today's move comes as kraft prepares to split its business into two parts. the global snack maker is spinning off its north american grocery brands into a separate publicly traded company. >> we had to do something about kraft. we didn't feel that the
WETA
Sep 27, 2012 6:30pm EDT
, nbr, washington. >> reporter: i'm erika miller in new york. coming up, we'll hear from italian prime minister mario monti on the future of the euro. is italy better off with the euro or without? there was a time not so long ago the blackberry device was a korpts status sim bon then came itsix phone and android system. after the closing bell research in motion reported it lost money for the third quarter in a row. but it lost a lot less money than feared. losses were 27 cents per share, that's about 20 cents less than analysts estimate. and perhaps most encouraging after months of delays the company said its newest blackberry device is still on track now to launch in the first quarter of the year. colin gill sis with us, senior technology analyst at bgc financial, he joins us from that firmment dow agree, results not as bad as feared? >> absolutely. its company lives to fight another day. when you look at the results, there were several glimmers of positive notes you could take away including an increase in the cash position and an increase in the total number of describers. >> i want
PBS
Sep 13, 2012 1:00am PDT
does the new device live up to the hype? erika miller takes a closer look at whether the new iphone will be fruitful for apple. >> reporter: this is the new device that could upset the apple cart in the smartphone industry. apple c.e.o. tim cook unveiled the iphone 5 in san francisco. and it has new features designed to fend off competition from rival android phones. >> it is an absolute jewel. it is the most beautiful product we have ever made bar none. >> reporter: now the nitty gritty: the phone is made entirely of glass and aluminum. so it's 18% thinner, and 20% lighter than the last version. it has a larger four inch screen, and a faster data connection. >> the apps on the phone constantly communicate with the network. so if the connection is slow, the phone will be slower. with these faster data connections, people will find that using their phone-- the phone itself will be more responsive. >> reporter: for customers who sign two-year service contracts, the phone will range from $199 to $399. so where does the iphone 5 fall short of the hype? >> you've heard of this ewallet fu
PBS
Sep 11, 2012 7:00pm EDT
fell more than 20% after warning full-year profits will be disappointing. as erika miller explains, we've heard from several well-known firms warning about the global slowdown. >> reporter: burberry's profit warning is not just a negative sign for luxury goods makers; it's part of a bigger trend suggesting the upcoming earnings season could be difficult one. the iconic brand famous for its signature plaid coats is feeling wind chill from china, as well as europe and the u.s.@rr; >> the chinese economy is slowing down, manufacturing there is slowing down. there's a lot of concern with the european debt crisis, and even within the united states, with it being an election year. >> reporter: but burberry says it has been talking to other luxury goods makers, so it knows it's not alone in seeing the slowdown. as a result, luxury good stocks like lvmh, tiffany, and coach also fell today, although they didn't get hit nearly as hard as burberry. it's not just luxury firms getting hurt by the global slowdown. many other bellwether firms have said revenues are suffering due to weaker sales i
PBS
Sep 21, 2012 6:30pm PDT
biggest changes. its maps. erika miller reports from new york. >> reporter: in a predictable ritual, apple fans camped out overnight to get their hands on the new iphone 5. many are loyal apple fans, eager to upgrade: what features are you most excited about? >> the screen-- the larger screen, the camera, i'm interested to see what that looks like once i start to take pictures and things like that. >> reporter: some came at the behest of their kids. >> i balked at first because their phones are perfectly good. and they work perfectly well. and it was only because my son is turning 12 that he gets a phone that year. so we decided to upgrade the whole family. >> reporter: unfortunately, she could only get two of the four phones she wanted. >> the 32 megabytes in black and white are sold out. they're gone! >> reporter: but for all the hype, apple was still advertising the older 4-s version its store today. the company is also facing backlash against its new map app. the software replaces google maps and websites have already sprung up mocking apple's innacuracies. but that controversy
WETA
Sep 18, 2012 6:30pm EDT
much lower than the guidance it gave in june. as erika miller reports, that forecast is not just bad news for transportation companies, fedex's gloomier outlook casts a shadow over just about every industry. >> reporter: fedex is no ordinary stock. the company delivers packages to over 220 countries, reaching 95% of global g.d.p. >> fedex has a good view into every aspect of the global economy, and what they are saying is that it's slow everywhere. >> reporter: fedex is also watched closely because it has an unusual fiscal year. it wrapped up its first quarter on august 31. so today's report gives one of the first readings on business conditions during the summer. fedex chief fred smith delivered the bad news. >> while fedex ground and fedex freight improved their profitability in the first quarter, the slowdown in the global economy and global trade constrained revenue growth at fedex express and affected overall earnings. >> reporter: fedex also lowered its 2013 g.d.p. forecasts. it now expects u.s. economic growth will be under 2% next year. globally, it sees g.d.p. growth at 2.7%
PBS
Sep 26, 2012 4:30pm PDT
." >> reporter: i'm erika miller in new york. still ahead, i'll look at how the outcome of the presidential election could impact gold prices. i'll interview gold trader anthony neglia. >> tom: european markets tumbled as greek workers called a 24 hour strike to protest new austerity measures. over 50,000 people gathered to protest new salary and pension cuts, near the parliament building in athens, and some of the protests erupted into violence. on wall stre: the dow fell 44 points, the nasdaq lost 24, and the s&p down eight points. >> tom: radio shack shook up its executive ranks today, as the troubled retailer looks to survive in an increasingly crowded market place. >> for the first time ever save $5 on our original pocket realistic weather radio, now on sale at radio shack stores only $10.95. >> tom: today, weather is a just a click away on a smart-phone. after little more than a year as c.e.o., james gooch is out, leaving the company and giving up his seat on radio shack's board of directors. the decision was called mutual. ruben ramirez reports on what's next for the shack. >> report
PBS
Sep 26, 2012 7:00pm EDT
"politics and the pits" takes us to gold. here's erika miller with trader anthony neglia. >> what happened to the price of gold if obama is reelected. >> if obama remains in office i believe a throft same policys will be put in place, interest rates will remain low until 2016, and i meef that the quantitative easing is going to have to play a large part in getting our economy off the ground, so i definitely think it's going to have an adverse effect on gold prices and equity prices as well. >> on the flip side, what happens if romney is victorious? >> if romney gets in you might get a little bit of a pullback just from a psych lodge cold standpoint, but he's still going to have his work cut out for him to try and get this economy up and going. so if he keeps some of the policies in place that obama has kept in, i. e. low interest rates until 2015, fed funds at a quarter percent, if he does something like that that might still give a little buoyancy to the gold price going forward, at least into the first quarter of 2013. >> what happens after the election? where does gold take out
PBS
Sep 19, 2012 4:30pm PDT
. erika miller takes a closer look behind the numbers and gives us a status report on the housing recovery. >> reporter: when it comes to real estate, august is typically a slow month, but the latest housing data suggests there was strong momentum heading into the fall. the median price for a home resale surged to $187,400 during the month. that's up nearly 10% from a year ago-- the biggest year-over-year price increase since the housing boom went bust. that wasn't the only encouraging sign. distressed properties are declining as a percentage of total sales. 22% of sales in august were foreclosures and short sales. a year ago, the level was 31%. record low mortgage rates get some of the credit for encouraging home buying. >> definitely, they are helping at the margin. obviously, that's helping to hold the refinance activity. but also to move the mortgage market. >> reporter: the housing market appears to be gaining traction, even as the economy loses momentum. but there are still plenty of hurdles that will keep the real estate from recovering quickly. one is tight lending standards. banks
PBS
Sep 7, 2012 7:00pm PDT
reaction to today's job numbers. we begin with erika miller in new york. >> reporter: a drop in the unemployment rate is often a good thing. but not this month. an increasing number of job seekers quit looking for work. so they weren't counted as unemployed. the number of people who decided the job market is so bad, there's no point even looking was nearly four times higher than the number of people who got jobs. >> we are creating jobs, but we are basically creating enough jobs to keep up with the pace of population growth. we are not creating enough jobs to bring back the people that left the labor force. >> reporter: unless that trend reverses, economists fear the recovery could lose momentum. >> if people stay out of the workforce, they're not looking for a job, their skills erode and that also is a weight on demand in the economy. all of those things over time, if they're not changed, will do damage to growth. >> reporter: that was far from the only troubling sign in the report. manufacturing, which helped lead the nation out of recession, cut the most jobs in two years. and te
Search Results 0 to 49 of about 83 (some duplicates have been removed)